Green light for crown prince-led Saudi privatization program

Updated 25 April 2018
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Green light for crown prince-led Saudi privatization program

  • The Privatization Program is one of 12 key elements of the Saudi Arabia’s Vision 2030
  • The program is aimed at increasing job opportunities for Saudi nationals

RIYADH: Saudi Arabia’s Council of Economic and Development Affairs on Tuesday approved the Privatization Program that is one of 12 key elements of the Kingdom’s Vision 2030. 

The program is aimed at increasing job opportunities for Saudi nationals, attracting the latest technologies and innovations, and supporting economic development.

It encourages both local and foreign investment in order to enhance the role of the private sector, with government entities adopting a regulatory and supervisory role. The aim is to increase the private sector’s contribution to GDP from 40 percent to 65 percent by 2030. 

The program will aim to reach its objectives through encouraging the private sector to invest in establishing new schools, universities and health centers, while the government pursues its organizational and supervisory role in health and education.

The privatization program aims to benefit from previous success stories, with the private sector’s collaboration in the development of infrastructure, and its involvement on a large scale in sectors such as energy, water, transport, telecommunications, petrochemicals and finance.

The program sets out a series of objectives in three areas: Developing a general legal framework for policies related to privatization; establishing organizational foundations and dedicated institutions to execute the policies; and setting a timescale for their delivery. 

The Council of Economic and Development Affairs is headed by Crown Prince Mohammed bin Salman.


Saudi justice ministry launches 15 new e-services to streamline procedures

Updated 20 September 2019

Saudi justice ministry launches 15 new e-services to streamline procedures

RIYADH: Saudi Justice Minister Dr. Walid Al-Samaani has ordered the launching of a package of development services in the enforcement sector, aiming at facilitating the procedures for beneficiaries.
The new services target both the claimant (or the claimant’s representative) and the defendant, where the application is referred to the enforcement panel and treated without the need to visit the enforcement courts and panels.
The ministry said the enforcement sector includes several services’ development programs that aim at finding innovative technical solutions and promoting the digital capacities of enforcement courts, to help beneficiaries and facilitate their procedures. These development programs are in line with the ministry’s systematic move toward digital transformation.
The ministry said the new services aim at expediting and automating the procedures and saving beneficiaries effort, time and money.
The package includes several services, such as informing the defendant of the enforcement order against them and the issuance of visit, custody and eviction orders.
To benefit from these services, beneficiaries can visit the website https://najiz.moj.gov.sa, sign in to their account and click on the “My Applications” icon.